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  • JAIBB PBE May 11

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    mackjbl
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    IBB PBE

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    JAIBB_PBE_May_11 (1)

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    IBB PBE

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    22 vistas2 páginas

    JAIBB PBE May 11

    Cargado por

    mackjbl
    IBB PBE

    Copyright:

    © All Rights Reserved
    Descargue como PDF o lea en línea desde Scribd
    Marcar por contenido inapropiado
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    THE INSTITUTE OF BANKERS, BANGLADESH Banking Diploma Examination, May, 2011 JAIBB PRINCIPLES OF ECONOMICS & BANGLADESH ECONOMY (PBE) Time—3 hours Full marks— 100 Pass marks—50 [N.B.-The figures in the right margin indicate full marks. Answer any five questions.] Marks . (a) What do you mean by Positive Economics and Normative 12 Economics? Indicate their differences. (b) Explain the relationship of Economics with (i) Statistics; and 8 (ii) Sociology. (a) What is meant by opportunity cost? 10 (b) What is the implication of the opportunity cost curve being 10 (i) convex; (11) concave; and (iii) a straight line? What is the Law of Demand? Explain the Law with the help ofa 6 diagram. (b) What is meant by the phrase "other things remaining the same" 4 used in the Law? (c) State, if any, the exceptions to the Law of Demand. 10 . (a) Using formulas, distinguish between price elasticity of demand 6 and income elasticity of demand. (b) What is the importance of the concept of price elasticity of 10 demand in real life? (c) Estimate the price elasticity of demand when the price per unit of 4 a product falls from Taka 5 to 3, and the quantity purchased rises from 5 to 8 units as a result. . (a) State the distinguishing features of perfect competition and 10 monopolistic competition. giving at least one example of a firm in each of these markets. (b) How equilibrium price and output a determined by a monopoly 10 firm? Use diagram. . (a) What does "Production" mean in Economics? (b) Explain what is meant by “fixed cost’ and ‘variable cost’ and 15 show the correct position of total cost, total fixed cost and total variable cost curves in a diagram. _@ & 25 Marks 7. (a) What is inflation and why does it occur? 8 (b) Account for the recent increase in the inflationary pressure in 12 Banidadesh and find remedies. 8. (a) Distinguish between balance of trade and balance of payments. 6 (b) Following Bangladesh Bank's practice, prepare a hypothetical 14 statement of Bangladesh's balance of payments account and explain the component elements. 9. (a) How does foreign direct investment (FDI) help accelerate a 8 country's economic development? (b) Discuss in what ways Bangladesh could attract more FDI in the 12 country. 10. Write short notes on any four of the following: 5x4-=3 (a) Giffen good; (b) Cross-elasticity of demand; (c) Substitution effect of price change; (d) Gross national product at factor cost; (c) Index number; () Terms of trade; fren azar] (aBars— afd ody et ees ya GIs | LC AOE aca Cea fA | ag > 1 @) Boas VEHS cae foros Bae

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